It's a card in the "[noun] of [quality] and [counter-quality]" cycle that isn't isn't ridiculously broken! Ok, it pays for its own equip cost straight away, which is pretty nasty - and gets progressively nastier as you find better stuff to untap. And it utterly hoses two colours. And, yeah, ok, maybe this does belong in that broken broken cycle.

The effects are rather smaller than those on the Swords (this is reminiscent of Sword of Feast and Famine and Sword of Light and Shadow, but SoLiS's 3 life was one of the weakest Sword effects and this is less than that). That's entirely justified both because the Swords were a pretty pushed power level, and also because these effects work when blocking as well. I like the idea.

The effects on these do need to be weaker than the swords because they work on both attacking and blocking, but also because they don't rely on combat damage. I worry that on this one, even the 2 life might be too much, since with the second ability, the creature can attack or block every turn.

Armor doesn't sound good as an acronym: AoGaG. also grace doesn't fit blue.

trigger requirement is too easy to meet.

It's been something like 7 years since equipment came out, and their power level is still inconsistant. Strange and interesting.

Oop. Can't think about this anymore. 'Pirate Jenny' just popped up on my playlist. "And the ship! The Black Freighter! Comes around in a harbor, shooting guns from the bow!"
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If I had to pick a color to be graceful, it would probably be blue. But you're right, "Grace" doesn't sound very blue.
jmgariepy, I have no idea what you're talking about.

http://www.youtube.com/watch?v=V7awW5nrDHk

There's Graceful Adept in blue, but "Grace" as a colour-affiliated-word is strongly associated with white-anti-black. See Voice of Grace (in her cycle, Voice of Law / Voice of Reason / Voice of Duty / Voice of Truth); the five Spheres (Sphere of Grace etc); and similarly Mask of Law and Grace, Disciple of Grace / Disciple of Law, and Absolute Grace / Absolute Law.